Value for Money Index

VMI is an exciting new concept developed by Hotel Evaluations to provide subscribers with a brand new tool to assist them in comparing and selecting their hotel accommodation.

It is an algorithm based solution which allows subscribers to enter a hotel’s room rate in AUD$ to generate a VMI result in the range of 0 to 10 (the higher the number the greater the value for money).

The algorithm behind the VMI encompasses and is mathematically linked to the overall PRAISE® Rating achieved by the hotel. This includes such factors as the hotel’s Customer Service, Facilities, Room and Food & Beverage. It is based on the room type we assessed during our evaluation of the hotel. This information can be found in the 'Room Type' section, for each hotel.

The VMI enables users to compare and contrast all hotels within our data base to determine their specific VMI at a selected room rate. The higher the VMI, the greater the value for money that hotel is, based on our PRAISE® Rating System.

Example 1 Hotel A with a room rate of AUD$250.00 and a PRAISE® Rating of 77.03 results in a VMI of 8.0. Hotel B with a room rate of AUD$250.00 and a PRAISE® Rating of 66.09 results in a VMI of 4.8 indicating that Hotel A is greater value for money.

Example 2 Hotel A with a room rate of AUD$250.00 and a PRAISE® Rating of 77.03results in a VMI of 8.0. Hotel B with a room rate of AUD$150.00 and a PRAISE® Rating of 72.84 results in a VMI of 8.3 indicating that Hotel B is greater value for money.